Yesterday we saw a classical false breakout, a bull trap.
The shortterm Support @ 79.10 was a intraday fight. First it seemed, that the Support zone would turn into a resistance with generating the next sell-Signal.
But the opposite appeared: A bullish hammer was formed per Close. Today we can see a big upmove which beated the downtrend.
I see a classical 1-2-3 long pattern with tp1:85,5 / TP2: 86$
The requirement for this possible Szenario is that YUM will not close sustainable below the last "3"
Good luck :-)
The shortterm Support @ 79.10 was a intraday fight. First it seemed, that the Support zone would turn into a resistance with generating the next sell-Signal.
But the opposite appeared: A bullish hammer was formed per Close. Today we can see a big upmove which beated the downtrend.
I see a classical 1-2-3 long pattern with tp1:85,5 / TP2: 86$
The requirement for this possible Szenario is that YUM will not close sustainable below the last "3"
Good luck :-)
Trade active
Note
TP1 reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.